Happy New Year - 2014 Here We Come!

I hope everyone had a safe and fun New Year's Eve!  We were pretty chill, just watching Breaking Bad with party hats on.  Did limp to midnight, with a 20 minute cat nap around 11 pm.  Off to New York this afternoon, time to get back to work after a nice week+ off.

I thought this would be a good time to do a little year-end bookkeeping.  I updated my "official" MFI Index, which I reconstitute at the start of each year.  See the table below:

Index	Stock	Start	Last Quarter	Current	YTD Change	Quarterly Change	Shares
1	ATVI	17.83	17.83	17.83	0.0%	0.0%	13.07
2	MO	38.39	38.39	38.39	0.0%	0.0%	6.07
3	APOL	27.32	27.32	27.32	0.0%	0.0%	8.53
4	AAPL	561.02	561.02	561.02	0.0%	0.0%	0.42
5	AGX	27.56	27.56	27.56	0.0%	0.0%	8.46
6	BAH	19.15	19.15	19.15	0.0%	0.0%	12.17
7	BKE	52.56	52.56	52.56	0.0%	0.0%	4.44
8	CA	33.65	33.65	33.65	0.0%	0.0%	6.93
9	CACI	73.22	73.22	73.22	0.0%	0.0%	3.18
10	CHE	76.62	76.62	76.62	0.0%	0.0%	3.04
11	CRUS	20.43	20.43	20.43	0.0%	0.0%	11.41
12	CSCO	22.43	22.43	22.43	0.0%	0.0%	10.39
13	COH	56.13	56.13	56.13	0.0%	0.0%	4.15
14	CRTX	9.49	9.49	9.49	0.0%	0.0%	24.56
15	DLX	52.19	52.19	52.19	0.0%	0.0%	4.47
16	DHX	7.25	7.25	7.25	0.0%	0.0%	32.15
17	EBIX	14.71	14.71	14.71	0.0%	0.0%	15.85
18	EGL	33.40	33.40	33.40	0.0%	0.0%	6.98
19	GME	49.26	49.26	49.26	0.0%	0.0%	4.73
20	GTIV	12.41	12.41	12.41	0.0%	0.0%	18.78
21	GNI	68.10	68.10	68.10	0.0%	0.0%	3.42
22	HLF	78.70	78.70	78.70	0.0%	0.0%	2.96
23	IQNT	11.41	11.41	11.41	0.0%	0.0%	20.43
24	ESI	33.58	33.58	33.58	0.0%	0.0%	6.94
25	LPS	37.38	37.38	37.38	0.0%	0.0%	6.24
26	LQDT	22.66	22.66	22.66	0.0%	0.0%	10.29
27	LO	50.68	50.68	50.68	0.0%	0.0%	4.60
28	MSFT	37.41	37.41	37.41	0.0%	0.0%	6.23
29	MYGN	20.98	20.98	20.98	0.0%	0.0%	11.11
30	NATR	17.32	17.32	17.32	0.0%	0.0%	13.46
31	NOC	114.61	114.61	114.61	0.0%	0.0%	2.03
32	PDLI	8.44	8.44	8.44	0.0%	0.0%	27.62
33	PFMT	10.30	10.30	10.30	0.0%	0.0%	22.63
34	PETS	16.63	16.63	16.63	0.0%	0.0%	14.02
35	PRSC	25.72	25.72	25.72	0.0%	0.0%	9.06
36	QCOR	54.45	54.45	54.45	0.0%	0.0%	4.28
37	RTN	90.70	90.70	90.70	0.0%	0.0%	2.57
38	RAI	49.99	49.99	49.99	0.0%	0.0%	4.66
39	RPXC	16.90	16.90	16.90	0.0%	0.0%	13.79
40	SAIC	33.07	33.07	33.07	0.0%	0.0%	7.05
41	SWHC	13.49	13.49	13.49	0.0%	0.0%	17.28
42	STRA	34.47	34.47	34.47	0.0%	0.0%	6.76
43	RGR	73.09	73.09	73.09	0.0%	0.0%	3.19
44	UIS	33.57	33.57	33.57	0.0%	0.0%	6.94
45	UNTD	13.76	13.76	13.76	0.0%	0.0%	16.94
46	USMO	14.28	14.28	14.28	0.0%	0.0%	16.32
47	USNA	75.58	75.58	75.58	0.0%	0.0%	3.08
48	VCI	34.25	34.25	34.25	0.0%	0.0%	6.81
49	VGR	16.37	16.37	16.37	0.0%	0.0%	14.24
50	WTW	32.93	32.93	32.93	0.0%	0.0%	7.08
	Total	17,682	17,682	17,682	0.0%	0.0%

Then I updated the performance of the index versus the Russell 3000.  I had short changed the R3K a few times in the past with a few omitted dividends.  So I think I have trued everything up.

	Annual		Inception to Date
Year	Russell	MFI	Russell ITD	MFI ITD
2006	11.40%	15.03%	11.40%	15.03%
2007	4.09%	-6.69%	15.96%	7.34%
2008	-37.05%	-37.97%	-27.00%	-33.42%
2009	32.51%	45.18%	-3.27%	-3.34%
2010	18.38%	22.77%	14.50%	18.67%
2011	-0.56%	-10.47%	13.87%	6.25%
2012	16.43%	9.70%	32.57%	16.56%
2013	33.01%	51.70%	76.34%	76.82%
2014	0.00%	0.00%	76.34%	76.82%

It is truly a dead heat.  I also updated my monthly table of my MFI stocks against the R3K (here I had included the R3K dividends correctly).

Date	Differential
12/1/2012	-2.20%
1/1/2013	-1.78%
2/1/2013	-2.26%
3/1/2013	-2.23%
4/1/2013	-0.43%
5/1/2013	2.00%
6/1/2013	4.75%
7/1/2013	4.29%
8/1/2013	6.91%
9/1/2013	10.46%
10/1/2013	19.67%
11/1/2013	19.75%
12/1/2013	23.70%
1/1/2014	28.20%
Current	28.20%

Finally, here is my tables of current MFI holdings:

2/1/13 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
AAPL	$450.60	$561.02	$8.75	26.4%	25.0%
GA	$6.10	$11.24	$0.65	95.0%	25.0%
STRZA	$16.06	$29.24	$0.00	82.1%	25.0%
CA	$25.07	$33.65	$1.00	38.2%	25.0%
NUS	$41.94	$138.22	$1.20	232.4%	25.0%
Totals				94.8%	25.0%
5/6/2013	Start	Current	Dividend	Pct Gain	R3K Gain
KLIC	$11.40	$13.30	$0.00	16.7%	16.7%
CYOU	$29.24	$32.05	$0.00	9.6%	16.7%
RDA	$9.74	$17.88	$0.10	84.7%	16.7%
NVDA	$13.85	$16.02	$0.24	17.4%	16.7%
CF	$183.97	$233.04	$1.80	27.7%	16.7%
Totals				31.2%	16.7%
8/15/2013	Start	Current	Dividend	Pct Gain	R3K Gain
CF	$187.26	$233.04	$1.00	25.0%	12.4%
FLR	$66.06	$80.29	$0.32	22.0%	12.4%
AGX	$15.60	$27.56	$0.75	81.5%	12.4%
KLIC	$11.29	$13.30	$0.00	17.8%	12.4%
RPXC	$15.92	$16.90	$0.00	6.2%	12.4%
Totals				30.5%	12.4%
11/15/13 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
AVG	$17.22	$17.21	$0.00	-0.1%	3.3%
ATVI	$17.71	$17.83	$0.00	0.7%	2.8%
GA	$9.04	$11.24	$0.23	26.9%	2.8%
RPXC	$17.04	$16.90	$0.00	-0.8%	2.8%
SYNA	$48.01	$51.81	$0.00	7.9%	2.8%
Totals				6.9%	2.9%
Category/Tranche	August	November	February	May	Total
Initial Investment	25,000	25,000	25,000	25,000	100,000
Current Tranche	30.5%	6.9%	94.8%	31.2%	40.5%
Previous Tranche	14.1%	43.7%	0.0%	0.0%	11.8%
MFI Overall Gain	48.8%	53.7%	94.8%	31.2%	57.1%
Current Balance	37,208	38,425	48,706	32,799	157,138
R3K Current Tranche	12.4%	36.7%	25.0%	16.7%	22.7%
R3K Overall Gain	37.3%	36.7%	25.0%	16.7%	28.9%
R3K Balance	34,321	34,170	31,262	29,182	128,935
Annualized IRR	33.4%	46.3%	107.1%	51.1%	59.5%

Not sure if I will be involved with any transactions any time soon.  I am pretty much daily tempted to sell my HIMX. I had commented in my stock review write-up (MFI Diary: Add GTAT and Sell IP + Ranking of Stocks) that it had 50%, but could also be a volatile stock.  I have already seen most of that upside and I am not sure I want to hold until next November to get the LT CGs.

For posterity, here is my portfolio at the start of the year:

Stock	Avg Cost	Current Price	Dividends	Gain per Share	Pct Gain	Pct of Portfolio
GTAT	5.23	8.72	-	3.48	66.5%	9.2%
GNW	7.10	15.53	-	8.43	118.6%	7.0%
HIMX	8.94	14.71	-	5.77	64.5%	6.6%
GA	8.68	11.24	0.37	2.94	33.8%	5.5%
CSCO	17.34	22.43	0.96	6.05	34.9%	4.9%
INTC	22.25	25.96	1.20	4.90	22.0%	4.9%
KLIC	11.25	13.30	-	2.05	18.2%	4.8%
BBEP	16.13	20.34	0.73	4.95	30.7%	4.8%
AOD	3.96	4.19	0.21	0.44	11.1%	4.5%
CSQ	8.59	10.89	1.58	3.88	45.2%	3.6%
SBS	9.54	11.34	-	1.80	18.9%	3.5%
TGONF	10.27	9.94	0.19	(0.14)	-1.4%	3.5%
NUS	41.94	138.22	1.20	97.48	232.4%	3.3%
CS	28.75	31.04	-	2.29	8.0%	2.8%
RPXC	16.54	16.90	-	0.36	2.2%	2.7%
CF	185.70	233.04	1.38	48.72	26.2%	2.7%
TC-PT	15.39	13.04	1.02	(1.33)	-8.6%	2.6%
HIG-WT	21.24	27.53	-	6.29	29.6%	2.3%
AGX	15.60	27.56	0.75	12.71	81.5%	2.0%
BAC-WTA	5.35	6.47	-	1.12	20.9%	1.9%
RDA	9.74	17.88	0.10	8.25	84.7%	1.8%
STRZA	16.06	29.24	-	13.18	82.1%	1.8%
SYNA	48.01	51.81	-	3.80	7.9%	1.6%
ATVI	17.71	17.83	-	0.12	0.7%	1.5%
AVG	17.22	17.21	-	(0.01)	-0.1%	1.5%
FLR	66.06	80.29	0.32	14.55	22.0%	1.4%
CA	25.07	33.65	1.00	9.57	38.2%	1.4%
OIBAX	4.98	6.08	1.90	2.99	60.0%	1.2%
AAPL	450.60	561.02	8.75	119.17	26.4%	1.2%
NVDA	13.85	16.02	0.24	2.41	17.4%	1.2%
CYOU	29.24	32.05	-	2.81	9.6%	1.1%
O	20.37	37.33	14.94	31.90	156.6%	1.1%